Paisie: Oil Prices to Rise in Fourth Quarter
Weakness in crude markets is connected to struggling economies in the U.S., EU and China.
First-half 2024's US LNG Exports Rise 3%, DOE Says
U.S. LNG exports rose 3% in the first half of 2024 compared to the same six month period in 2023 and the top 10 countries importing U.S. LNG accounted for 67% of the North American country’s LNG exports in the first half of 2024, according to a recent report from the U.S. DOE.
Energy Transition in Motion (Week of Oct. 11, 2024)
Here is a look at some of this week’s renewable energy news, including nearly $7.9 million in bids for geothermal leases in Nevada.
Financiers: Family Offices Worldwide are Queuing to Invest in E&P
U.S. family offices have stepped in quickly to fill the void left by other investors while family desks abroad have been slow to move but they’re watching closely, financiers say.
Kissler: How Long Will Geopolitical Unrest Support Crude Prices?
Slower global economic growth pulls prices in the opposite direction even as oil prices were up about 4% on Oct. 10 due to factors including risks to Middle East supply.
Oil Prices Jump 4% on US Storm, Israel-Iran Fears
Oil prices jumped about 4% on Oct. 10 on a spike in U.S. fuel use before Hurricane Milton barreled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China.
Baker Hughes Lands Company’s Largest Compressor Line Order
Baker Hughes’ project includes 10 integrated compressor line units that will be installed at the Margham Gas storage facility in Dubai, United Arab Emirates.
Lower Prices Spell Lower Oil Growth from Permian, US Shale: EIA
The U.S. Energy Information Administration reduced its forecasts for WTI oil prices and Lower 48 oil production growth in its latest Short-Term Energy Outlook report.
What's Affecting Oil Prices This Week? (Oct. 7, 2024)
Given last week’s price increase, Stratas Advisors estimates that the oil market is placing about a 10% probability that the conflict between Israel and Iran will result in a disruption to the flow of oil.
AI: Herald of New Shale Age or Last-ditch Effort to Save Industry?
AI’s ability to optimize may usher oil and gas into a new age—or simply improve on past unconventional recovery methods—depending on who you talk to.